Artificial Intelligence (AI) is having a transformative effect on the business world and the $600 billion global legal services market is not immune. As AI automates basic processes, in the legal profession it promises to allow lawyers devote their time to more valuable, cost-effective, and strategic work. Consultants at McKinsey & Company estimate that 22% of a … [Read more...] about Who Wins In The Showdown Between AI & Lawyers?
Legal technology, commonly known as LegalTech, refers to software that enable lawyers to do their jobs more efficiently and cost-effectively. Though very much an emerging sector, LegalTech already comprises a $16 billion market in the U.S and is growing. Undoubtedly the biggest change in this burgeoning market —taking lawyers by storm—is the rapid rise of … [Read more...] about Automating The Law: A Landscape of Legal AI Solutions